On average, listings lease in the $40's per square foot per year. The Serra submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $48 per sqft per year.
Compared to the rest of the Silicon Valley market, the Serra region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Serra are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,840 sqft. Most buildings in this area were built in 1973 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Serra occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.